Thursday, December 12, 2013
$DJ-30 Chart Update and Other Updates By Anthony Calhoun...........
https://twitter.com/AnthonyWCalhoun The last trade I posted was $BTU at $18.33 and hit $19.5 within a couple days. I can not say I will post many trades because they have been overnight holds. Entered $JBLU yesterday an exited today and entered $AMKR today. I will update more long term plays, or other trades when the market is at a better level.
Now for DJ-30
If you seen my last update of the w pattern brake out it looks like we broke through the brake line support. If you see the chart you will see we tested it once then broke through. The next levels on the chart are Fibonacci retracements. For a little more about them click here. Until the market corrects will not be taking any long term trades, but will make shorter trades based on hourly charts.
1 Kings 18:21 KJV
And Elijah came unto all the people, and said, How long halt ye between two opinions? if the Lord be God, follow him: but if Baal, then follow him. And the people answered him not a word.
if it seem evil unto you to serve the LORD, choose you this day whom ye will serve; whether the gods which your fathers served that were on the other side of the flood, or the gods of the Am ´-o-rites, in whose land ye dwell: but as for me and my house, we will serve the LORD.
Hebrews 11:25 Choosing rather to suffer affliction with the people of God, than to enjoy the pleasures of sin for a season;